2C2P

What 2C2P does

2C2P is a Singapore-headquartered payment orchestration platform serving enterprises and SMEs across Southeast Asia, founded in 2003 and operating as a subsidiary of Ant International's Antom division since late 2025. The company's core product, PACO, is a cloud-native orchestration platform running on AWS infrastructure that connects over 400 payment methods (cards, digital wallets, QR, BNPL, bank transfers, and over-the-counter cash at 600,000+ Asia locations) and 150+ currencies through a single API, allowing merchants to route transactions across multiple acquirers for cost optimisation and high availability. Vertical-specialised modules include the Airline Controller (ALC) for aviation payments with IATA, Amadeus, and Sabre integrations; Qwik for social commerce payment links; Card and Wallet Issuing; SoftPOS for tap-to-phone acceptance on Android; Payout & Remittance; Multi-Currency Pricing; and Installment Payment Plans.

2C2P monetises primarily through per-transaction fees on payment processing and payout volumes across its six core SEA markets (Singapore, Indonesia, Malaysia, Philippines, Thailand, Vietnam) plus Hong Kong, with additional revenue from card/wallet issuance and installment plans. The customer base spans airlines (25+ including AirAsia, Malaysia Airlines, Cebu Pacific, TransNusa, Vietnam Airlines), online marketplaces (Lazada), hospitality (Capella, YOTEL, Minor/Anantara, ONYX, Changi), retail and technology (Lenovo, USANA), insurance (MSIG, Aviva, JA Assure), logistics (Thailand Post), F&B (StoreHub), and emerging verticals such as EV charging (LUMI). Go-to-market combines enterprise field sales with API-first self-service developer onboarding, complemented by 30+ bank and financial-institution channel partnerships and licensed local providers (e.g., M-PAY in Vietnam).

The platform is differentiated by a regulatory footprint (MPI licence from MAS in Singapore; licensed local entities across SEA), a deep certification stack (PCI DSS Level 1, PCI 3DS, ISO 27001, ISO 27701, SOC 2 Type 2, CSA STAR Level 2), and AI-augmented capabilities including the SHIELD risk engine (95% precision), Antom Copilot for chargeback and integration automation, and the Falcon AI model for FX hedging optimisation. As of late 2025, under a new CEO Designate (Worachat Luxkanalode), 2C2P is executing a $60M growth strategy to expand beyond its enterprise base into regional SMEs, while continuing to deepen its airline, marketplace, and cross-border payment capabilities under the "2C2P by Antom" brand.

Name

2C2P

Legal name

2C2P Pte. Ltd.

Website

https://2c2p.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

2C2P is a Singapore-based payment orchestration platform that connects over 400 payment methods and 150 currencies across Southeast Asia for enterprises and SMEs. A subsidiary of Ant International, it serves airlines, marketplaces, hospitality, and retailers with single-API payment, payout, and AI-powered risk solutions.

Ownership category

akta.pro rank

Product category

Payment Orchestration & Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC), Request-to-Pay (R2P) & Pay Links (FSAMAFAE), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

Keywords

• Payment orchestration platform
• Payment processing services
• Cross-border payments
• Digital payment gateway
• Merchant payment solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing and Transaction Fees: 2C2P charges merchants transaction fees for processing payments across its 400+ payment methods. The platform earns revenue through a per-transaction fee model based on payment volume processed, with different rates across card schemes, digital wallets, and alternative payment methods. The company aggregates multiple payment providers onto a single platform, monetizing through transaction margins and fees.
2. Payout and Remittance Services: Revenue generated from mass payout processing services, enabling businesses to send funds to suppliers, partners, and customers domestically and across borders. Fees are charged per payout transaction with currency conversion margins.
3. Card and Wallet Issuing: Revenue from issuing physical and virtual cards and digital wallets to businesses and consumers, potentially including card issuance fees, reload fees, and transaction fees on issued cards and wallets.
4. Installment Payment Plans (IPP): Revenue from installment payment processing where 2C2P enables businesses to offer 0% interest installments to customers, with fees earned from facilitating the transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

2C2P by Antom operates a cloud-native payment orchestration platform (PACO) that enables merchants to accept and process payments across online, mobile, and in-store channels through a single API integration. The platform connects over 400 payment methods spanning cards, digital wallets, QR payments, buy-now-pay-later, and over-the-counter cash at 600,000+ alternative payment points across 150+ currencies. Beyond payment acceptance, 2C2P offers specialized modules including airline payment orchestration (ALC), social commerce (Qwik), card and wallet issuing, softPOS, mass payouts, multi-currency pricing, and installment plans, with AI-powered fraud detection and risk-based authentication layered across the stack.

Product overview

2C2P by Antom operates as a full-suite payments platform serving businesses of all sizes across Southeast Asia. The platform offers a unified portfolio of payment solutions centered around PACO (Payment Orchestration platform) which connects over 400 payment methods, 150 currencies, and 600,000+ alternative payment points through a single API integration. Additional specialized modules include Airline Controller (ALC) for aviation industry payments, Qwik for social commerce, Card and Wallet Issuing for creating branded payment products, SoftPOS for tap-to-phone acceptance, Payout and Remittance for mass payouts and cross-border transfers, Multi-Currency Pricing (MCP) for international pricing, and Installment Payment Plans (IPP) for buy-now-pay-later options. The platform is enhanced with AI-powered tools including fraud detection, risk-based authentication, and integration acceleration capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• PACO (Payment Orchestration)

Quantifiable outcome

• 40% productivity gains from AI-powered development tools
• +7 more outcomes

Named customers21 records

Segments9 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability9 records

Feature10 records

Partnerships

Ten partnerships are on record, tiered core, major and strategic.

• Vietnam AirlinescoreStrategic or Co-development Partner · 29 May 2026Vietnam Airlines and Ant International formed a strategic partnership with 2C2P by Antom powering alternative payments for Vietnam Airlines across Asia Pacific. This follows the broader Ant International partnership ecosystem and extends 2C2P's airline payment capabilities to Vietnam's flag carrier.
• M-PAYcoreImplementation/ SI/ Consulting Partner · 20 March 20262C2P partnered with M-PAY to provide its payment orchestration solution (PACO) to Sun PhuQuoc Airways (SPA) in Vietnam. M-PAY is the licensed local provider (registration number 0101505695) for the 2C2P suite of solutions in Vietnam. The partnership enables SPA to offer diverse payment options including cards, wallets, QR payments, and direct debit for online flight bookings, with plans to expand to China, Malaysia, India, Singapore, South Korea, and Thailand.
• DOKUcoreStrategic or Co-development Partner · 27 February 2026Ant International entered into a strategic partnership with DOKU, an Indonesian payment fintech, to enhance digital payments and fintech development across Indonesia and Southeast Asia. The collaboration combines DOKU's local expertise with Antom's global infrastructure, introducing multi-currency capabilities and AI-driven tools to support cross-border trade and working capital solutions for merchants. Both companies view local infrastructure as essential for enabling secure, scalable digital transactions.
• VisacoreStrategic or Co-development Partner · 20 August 2025Visa partnered with 2C2P to expand its Click to Pay product across the Asia-Pacific e-commerce market. This is part of Visa's strategy to compete against entrenched domestic mobile wallets and direct bank transfers in the region. The Asia-Pacific e-commerce market is projected to reach $4.4 trillion in 2025 and $7.25 trillion by 2030.
• Amazon Web Services (AWS)coreTechnology or Integration2C2P runs its payment acceptance, payout, and EMV 3DSecure solutions on AWS architecture centralized in Amazon VPC in the Asia-Pacific (Singapore) region. The partnership leverages AWS Shield Advanced, Application Load Balancer, Amazon Elasticsearch Service, CloudWatch, S3, KMS, and AWS CloudHSM. 2C2P was the first AWS client to request PCI 3DS certification for AWS data centres in Singapore and Japan in 2019, which was later distributed globally. AWS provides infrastructure scaling for peak loads (e.g., Lazada 11.11 promotions) and disaster recovery support.
• Sun PhuQuoc Airways (SPA)majorTechnology or Integration2C2P provides its PACO payment orchestration solution to Sun PhuQuoc Airways, enabling the airline to accept diverse payment options (cards, wallets, QR, direct debit) for online bookings. The system is PCI DSS Level 1-certified and integrated with Amadeus and Sabre GDS. SPA operates under Sun Group as a new full-service airline in Vietnam with a 'resort-in-the-sky' concept.
• IATA (International Air Transport Association)coreStrategic or Co-development Partner2C2P is a trusted partner of IATA, the world's largest airline association. The company serves as the go-to payment gateway for airlines operating in and within the Southeast Asia region, with over 25 regional airlines and connections to 20+ online travel agents.
• AmadeusmajorTechnology or Integration2C2P's airline payment solution is integrated with Amadeus GDS, enabling seamless payment processing for airlines using the Amadeus platform.
• SabremajorTechnology or Integration2C2P's airline payment solution is integrated with Sabre GDS, enabling seamless payment processing for airlines using the Sabre platform.
• MultiSafepaystrategicTechnology or IntegrationAntom acquired MultiSafepay in Europe as part of its strategy to expand global payment infrastructure capabilities. MultiSafepay has a strategic partnership with Antom that has doubled transaction volume and expanded the merchant base. Rachelle Alexis Lim was appointed CEO following this partnership.

Scale indicators13 records

Recent moves7 records

Expansion highlights7 records

Emerging players

• Airwallex: Cross-border payments and treasury platform with strong APAC roots. Comparable to 2C2P's payout/remittance and multi-currency offerings for cross-border merchants.
• MultiSafepay: European payment service provider now owned by Ant International alongside 2C2P. Operates a comparable payment-gateway and APM orchestration model in Europe — a sibling peer under the same parent.
• HitPay: Singapore-based omnichannel payment platform focused on SMEs across SEA — directly comparable to 2C2P's new SME-focused softPOS and EPOS360 push.

Direct peers

• Xendit: Leading Southeast Asia-focused payment gateway serving Indonesia, Philippines, Vietnam and other SEA markets. Closest direct competitor for 2C2P's regional enterprise and digital-wallet coverage.
• Stripe: Global payment gateway and orchestration platform offering API-first merchant acceptance. Directly comparable to 2C2P's PACO platform and a key competitive threat as Stripe expands deeper into APAC.
• DOKU: Indonesian payment gateway and fintech with deep local acquiring and APM coverage. Now partnered with Antom/2C2P, but historically a direct competitor for Indonesian merchant volume.
• Adyen: Global unified payments processor serving enterprise merchants with multi-acquirer orchestration, similar to 2C2P's PACO. Competes for the same airlines, marketplaces, and large retailers in APAC.

Broad incumbents

• Worldline: European-headquartered payment processor with a global merchant services business. Comparable as a broad-incumbent acquiring/processing peer, particularly for airlines and large retailers.
• Checkout.com: Global enterprise-focused payment processor with growing APAC presence. Comparable in scale, enterprise customer profile, and orchestration capabilities to 2C2P's PACO.
• GrabPay (Grab Financial Group): SEA super-app wallet and merchant payment service. Comparable to 2C2P's wallet-acceptance and merchant solutions; represents both a distribution partner (GrabPay integration) and a disintermediation risk.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat8 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/2C2Pcompany
• LinkedInlinkedin.com/company/2c2p
• Xx.com/2c2p

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 2C2P